Archer Aviation Inc. logo ACHR - Archer Aviation Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $11.50 DETAILS
HIGH: $12.00
LOW: $11.00
MEDIAN: $11.50
CONSENSUS: $11.50
UPSIDE: 73.19%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 1.6 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cost of Revenue 8.7 (9.6) 5.1 4.8 0 0 0 2.6 0 0 1.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit (7.1) 9.9 (5.1) (4.8) 0 0 0 (2.6) 0 0 (1.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses
R&D Expenses 166.3 155.5 116.4 118.3 103.7 94.6 89.8 87.7 83.5 79.5 66.1 63.3 65.8 59.2 47 37.8 27.5 19.7 23.1 11.4 10.1 7.5 6.7 4.1 2.9
SG&A Expenses 83.2 88.1 53.3 53.7 40.3 29.6 32.3 30.9 58.7 27.8 (21.6) 118.1 44.1 44.1 40.8 42.4 37.8 33.6 114.1 22.4 6.6 1.2 0.6 0.7 1.0
Other Expenses (4.5) 0.7 0 (0.7) 0 0 0 0 0 0 (0.1) 0 2.1 4.8 6 0 0 0 39.1 0 78.2 0 0 0 0
Operating Expenses 245 244.3 169.7 171.3 144 124.2 122.1 118.6 142.2 107.3 44.4 181.4 112 108.1 93.8 80.2 65.3 53.3 176.3 33.8 94.9 8.7 7.3 4.8 3.9
Operating Income
Operating Income (252.1) (234.4) (174.8) (176.1) (144) (124.2) (122.1) (121.2) (142.2) (107.3) (46.2) (181.4) (112) (108.1) (93.8) (80.2) (65.3) (53.3) (176.3) (33.8) (94.9) (8.7) (7.3) (4.8) (3.9)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.3 0.4 0.4 0.5 0.5 0 0 0 0 0 0
Interest Income 16.4 (35.2) 16.3 10.2 8.7 6 5.5 5.1 5.3 5.6 5.1 4.1 1.6 0.7 1.8 0.9 0 0 0 0 0 0 0 0.1 0.1
Profitability
EBITDA (244.3) (131.6) (124.7) (201.1) (139.9) (120.7) (118.8) (118.6) (139.9) (105) (44.1) (180.3) (108.9) (101.6) (86.4) (79.5) (64.7) (42.3) (136.8) (33.6) (94.7) (8.6) (7.2) (4.7) (3.9)
EBIT (252.1) (138.2) (129.8) (205.9) (144) (124.2) (122.1) (121.2) (142.2) (107.3) (46.2) (181.4) (109.9) (103.3) (87.8) (80.2) (65.3) (42.8) (137.2) (33.8) (94.9) (8.7) (7.3) (4.8) (3.9)
Income Before Tax (217.6) (188.9) (129.8) (205.9) (93.3) (198.3) (115.2) (106.8) (116.3) (108.9) (51.5) (183.9) (113.1) (95.4) (91) (71.7) (59.2) (43.3) (176.7) (32.9) (94.9) (8.7) (7.3) (4.9) (4.0)
Income Tax Expense 0.1 0 0.1 0.1 0.1 (0.2) 0.1 0.1 0.2 0.2 0.1 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income (217.7) (188.9) (129.9) (206) (93.4) (198.1) (115.3) (106.9) (116.5) (109.1) (51.6) (184.1) (113.1) (95.4) (91) (71.7) (59.2) (43.3) (176.7) (32.9) (94.9) (8.7) (7.3) (4.9) (4.0)
Per Share Data
EPS (Basic) -0.28 -0.26 -0.20 -0.36 -0.17 -0.46 -0.29 -0.32 -0.36 -0.36 -0.19 -0.73 -0.46 -0.39 -0.38 -0.30 -0.25 -0.18 -2.00 -0.14 -0.39 -0.04 -0.03 -0.10 -0.08
EPS (Diluted) -0.28 -0.26 -0.20 -0.36 -0.17 -0.46 -0.29 -0.32 -0.36 -0.36 -0.19 -0.73 -0.46 -0.39 -0.38 -0.30 -0.25 -0.18 -2.00 -0.14 -0.39 -0.04 -0.03 -0.10 -0.08
Shares Outstanding 766.9 624.3 397.5 397.5 397.5 397.5 397.5 334.1 320.3 303.8 277.7 251.0 247.3 241.6 240.3 238.1 239.8 238.8 239.2 240.6 240.6 240.6 83.3 50 50
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 951.1 1,021.5 595.5 1,724 1,030.4 834.5 501.7 360.4 405.8 464.6 461.4 407.6 299.2 69.4 112.5 654.8 704.2 746.9 796.2 5.9 23.5 36.6
Short-Term Investments 824.8 943.2 1,045.8 0 0 0 0 0 0 0 0 0 150.7 461.8 488.1 0 0 0 0 0 0 0
Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 123.9 111.4 20.2 10.2 12.3 11.4 10.3 9.2 8.5 7.7 10.4 8.4 9.3 4.5 3.9 4.3 3.3 0.3 0.4 0.5 0.2 0
Total Current Assets 1,899.8 2,076.1 1,692.1 1,757 1,065 858.4 523 375 422 480.2 475.7 422.6 465.9 545.5 615.3 669.2 716.8 754.8 797.7 6.7 24.5 37.4
Non-Current Assets
Property, Plant & Equipment 317.9 294.4 186.2 159.1 139.7 134.9 120.5 100.9 80.8 66.5 59.4 52.4 35.4 23.4 21 20.4 18.6 10.4 7 6.3 5.6 3.9
Goodwill 2.4 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 81.6 80.2 5.3 5.5 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.5 0.5 0.5 0.5
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 21.1 15.1 16 16.7 9.6 7.6 7.6 7.7 7.7 7.2 4.1 6.1 4.2 4.5 0.9 1.2 2.1 2.7 0.5 0.2 0.0 0
Total Non-Current Assets 423 389.8 207.5 181.3 149.6 142.8 128.5 109 88.9 74.1 63.9 58.9 40 28.3 22.3 22 21.1 13.6 8 7.0 6.1 4.4
Total Assets 2,322.8 2,465.9 1,899.6 1,938.3 1,214.6 1,001.2 651.5 484 510.9 554.3 539.6 481.5 505.9 573.8 637.6 691.2 737.9 768.4 805.7 13.7 30.5 41.8
Current Liabilities
Account Payables 25.4 30.2 23.7 22.7 14.8 14.6 23.5 25.1 14.1 14.3 15.6 14.6 6.4 3.6 5.2 2 1.8 3.4 19.4 21.7 5.9 2.1
Short-Term Debt 6.1 6.1 0 0 0 0 0 0 0 0 2.3 4.6 7 9.3 9.4 9.4 9.5 9.5 7 1.3 0.8 0.6
Deferred Revenue 0 0 0 0.9 0.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2
Other Current Liabilities 73.7 68.1 12.2 22.5 21 11.6 24.2 20.2 16.8 58.6 13.8 90.3 1 28.6 18 22.4 14.8 1 1.6 0.7 0.4 0.1
Total Current Liabilities 105.2 104.4 93 78.8 67.4 71.1 86.7 83.6 70.2 114 117 157.7 64 53.3 43.8 43.7 34.3 28.3 29.7 23.7 8.3 3.8
Non-Current Liabilities
Long-Term Debt 36.9 36.3 64.1 64.1 64.1 64 64 32.7 18.1 7.2 0 0 0 0 2.3 4.7 7 9.3 11.7 1.4 0.1 0.3
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 101.3 122.4 69.1 101.5 61.6 102.2 22.2 22.2 31 52.8 44.6 33.6 23 18 26.7 16.4 24.1 30.7 41.4 0.2 0.2 0.3
Total Non-Current Liabilities 138.2 158.7 152.3 178.6 135.9 177.5 97.1 66.4 61.5 73.2 58.1 47.5 31.8 27.2 36.6 29.3 39.9 41.2 54.1 1.6 2.0 2.1
Total Liabilities 243.4 263.1 245.3 257.4 203.3 248.6 183.8 150 131.7 187.2 175.1 205.2 95.8 80.5 80.4 73 74.2 69.5 83.8 25.3 10.3 5.9
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0
Retained Earnings (2,521.5) (2,303.8) (2,114.9) (1,985) (1,779) (1,685.6) (1,487.5) (1,372.2) (1,265.3) (1,148.8) (1,039.7) (988.1) (804) (690.9) (595.5) (504.5) (432.8) (373.6) (330.3) (153.6) (120.7) (25.8)
Accumulated Other Comprehensive Income (3.2) (1.4) (2.4) (0.1) (0.2) (0.3) (0.1) (0.1) 0 0 0 0 (0.1) (0.8) (1.2) 0 0 0 0 0 0 0
Total Stockholders' Equity 2,079.4 2,202.8 1,654.3 1,680.9 1,011.3 752.6 467.7 334 379.2 367.1 364.5 276.3 410.1 493.3 557.2 618.2 663.7 698.9 721.9 (11.7) 20.3 35.9
Total Liabilities & Equity 2,322.8 2,465.9 1,899.6 1,938.3 1,214.6 1,001.2 651.5 484 510.9 554.3 539.6 481.5 505.9 573.8 637.6 691.2 737.9 768.4 805.7 13.7 30.5 41.8
Debt Metrics
Total Debt 43 42.4 88.6 81.6 78.3 79 78.5 47.5 33.8 23.2 18.7 21.5 18.9 22.2 23.4 26.6 28.9 23.1 21.4 2.7 3.8 3.2
Net Debt (908.1) (979.1) (506.9) (1,642.4) (952.1) (755.5) (423.2) (312.9) (372) (441.4) (442.7) (386.1) (280.3) (47.2) (89.1) (628.2) (675.3) (723.8) (774.8) (3.2) (19.8) (33.4)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (217.7) (188.9) (129.9) (206) (93.4) (198.1) (115.3) (106.9) (116.5) (109.1) (51.6) (184.1) (113.1) (95.4) (91) (71.7) (59.2) (43.3) (176.7) (32.9) (94.9) (8.7) (0.0) (0.0) (0.0)
Depreciation & Amortization 7.8 6 5.1 4.8 4.1 3.5 3.3 2.6 2.3 2.3 2.1 1.1 1.2 1.7 1.4 0.7 0.6 0.5 0.4 0.2 0.2 0.1 0.0 0.0 0.0
Stock-Based Compensation 0 88.9 52.7 51.8 30.1 23.9 21.4 22.8 40.7 20.4 (27.4) 26.5 25.7 26.5 26.2 25.6 24.5 18.9 102.8 1 0.9 0.2 0.0 0.0 0.0
Change in Working Capital 8.5 (9.6) (6.5) 4.2 4.7 (16.3) (7.2) 7.8 (0.6) (5) (7.6) 13.8 9.5 5.9 6.5 5.2 1.6 (16.6) (2.6) 15.5 3.3 0.8 (0.0) (0.0) 0.0
Other Non-Cash Items 52.3 (25.7) (27) 41.8 (40.1) 82.6 0.6 (6.8) (12.4) 7.4 3.1 85.6 13 (5.9) 6.1 (5.4) (4.3) (8.4) 17.5 (0.6) 78.5 0 0.0 0.0 0.0
Operating Cash Flow (149.1) (129.3) (105.6) (103.4) (94.6) (104.4) (97.2) (80.5) (86.5) (84) (66.8) (57.1) (63.7) (67.2) (50.8) (45.6) (36.8) (48.9) (58.5) (16.8) (12) (7.6) (0.0) (0.0) (0.0)
Investing Activities
Capital Expenditure (32.6) (29.5) (20.4) (18.9) (10) (24.2) (19.6) (20.9) (17.3) (9) (15.8) (8.1) (11.4) (3.3) (1.5) (1.5) (0.6) (0.5) (3.0) (0.8) (1.1) (1.5) (0.0) (0.0) (0.0)
Acquisitions (3.7) (125.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 (1,048.1) 0 0 0 0 0 0 0 0 0 0 0 0.2 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 115 103 0 0 0 0 0 0 0 0 0 151 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 1,027.2 (1,048.2) (5.2) 0 0 0 0 0 0 0 0 314 30 (487.6) 0 0 0 (0.1) 0 0 (0.5) 0 0 0
Investing Cash Flow 78.7 (73.4) (1,068.5) (24.1) (10) (24.2) (19.6) (20.9) (17.3) (9) (15.8) 142.9 302.6 26.9 (489.1) (1.5) (0.6) (0.5) (3.1) (0.8) (1.1) (1.5) (0.0) (0.0) (0.0)
Financing Activities
Net Debt Issuance (0.1) 0 0 0 10 (57.5) 31.7 14.8 11 143.7 (2.5) (2.5) (2.5) (2.5) (2.5) (2.5) (2.5) 0 619.5 0 0 0 0 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 (2.3) 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 (69.1) 0.1 0 0 623.2 (7.4) 1.8 (0.1) 0.1 (6) 0.1 0 (0.3) 0.1 0.2 0.1 0.1 201.8 0 0 0 0.0 0.0 0
Financing Cash Flow 0 628.7 46.4 821.1 300.2 461.5 258.1 56 44.8 95.8 136.5 22.6 (4.8) (2.8) (2.4) (2.3) (2.4) 0.1 821.8 0 0 4.6 0.0 0.0 0
Cash Position
Net Change in Cash (70.4) 426 (1,127.7) 693.6 195.6 332.9 141.3 (45.4) (59) 2.8 53.9 108.4 234.1 (43.1) (542.3) (49.4) (39.8) (49.3) 795.9 (17.6) (13.1) (4.5) 0.0 (0.0) (0.0)
Cash at Beginning 1,028.8 602.8 1,730.5 1,036.9 841.3 508.4 367.1 412.5 471.5 468.7 414.8 306.4 72.3 115.4 657.7 707.1 746.9 796.2 0.3 23.5 36.6 41.1 0.0 0.0 0.0
Cash at End 958.4 1,028.8 602.8 1,730.5 1,036.9 841.3 508.4 367.1 412.5 471.5 468.7 414.8 306.4 72.3 115.4 657.7 707.1 746.9 796.2 5.9 23.5 36.6 0.0 0.0 0.0
Free Cash Flow (181.7) (158.8) (126) (122.3) (104.6) (128.6) (116.8) (101.4) (103.8) (93) (82.6) (65.2) (75.1) (70.5) (52.3) (47.1) (37.4) (49.4) (61.5) (17.6) (13.1) (9.1) (0.0) (0.0) (0.0)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 1.6 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit (7.1) 9.9 (5.1) (4.8) 0 0 0 (2.6) 0 0 (1.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Income (252.1) (234.4) (174.8) (176.1) (144) (124.2) (122.1) (121.2) (142.2) (107.3) (46.2) (181.4) (112) (108.1) (93.8) (80.2) (65.3) (53.3) (176.3) (33.8) (94.9) (8.7) (7.3) (4.8) (3.9)
Net Income (217.7) (188.9) (129.9) (206) (93.4) (198.1) (115.3) (106.9) (116.5) (109.1) (51.6) (184.1) (113.1) (95.4) (91) (71.7) (59.2) (43.3) (176.7) (32.9) (94.9) (8.7) (7.3) (4.9) (4.0)
EPS (Diluted) -0.28 -0.26 -0.20 -0.36 -0.17 -0.46 -0.29 -0.32 -0.36 -0.36 -0.19 -0.73 -0.46 -0.39 -0.38 -0.30 -0.25 -0.18 -2.00 -0.14 -0.39 -0.04 -0.03 -0.10 -0.08
Balance Sheet
Cash & Equivalents 951.1 1,021.5 595.5 1,724 1,030.4 834.5 501.7 360.4 405.8 464.6 461.4 407.6 299.2 69.4 112.5 654.8 704.2 746.9 796.2 5.9 23.5 36.6
Total Assets 2,322.8 2,465.9 1,899.6 1,938.3 1,214.6 1,001.2 651.5 484 510.9 554.3 539.6 481.5 505.9 573.8 637.6 691.2 737.9 768.4 805.7 13.7 30.5 41.8
Total Debt 43 42.4 88.6 81.6 78.3 79 78.5 47.5 33.8 23.2 18.7 21.5 18.9 22.2 23.4 26.6 28.9 23.1 21.4 2.7 3.8 3.2
Stockholders' Equity 2,079.4 2,202.8 1,654.3 1,680.9 1,011.3 752.6 467.7 334 379.2 367.1 364.5 276.3 410.1 493.3 557.2 618.2 663.7 698.9 721.9 (11.7) 20.3 35.9
Cash Flow
Operating Cash Flow (149.1) (129.3) (105.6) (103.4) (94.6) (104.4) (97.2) (80.5) (86.5) (84) (66.8) (57.1) (63.7) (67.2) (50.8) (45.6) (36.8) (48.9) (58.5) (16.8) (12) (7.6) (0.0) (0.0) (0.0)
Capital Expenditure (32.6) (29.5) (20.4) (18.9) (10) (24.2) (19.6) (20.9) (17.3) (9) (15.8) (8.1) (11.4) (3.3) (1.5) (1.5) (0.6) (0.5) (3.0) (0.8) (1.1) (1.5) (0.0) (0.0) (0.0)
Free Cash Flow (181.7) (158.8) (126) (122.3) (104.6) (128.6) (116.8) (101.4) (103.8) (93) (82.6) (65.2) (75.1) (70.5) (52.3) (47.1) (37.4) (49.4) (61.5) (17.6) (13.1) (9.1) (0.0) (0.0) (0.0)